Unexpected change in the Bank of Spain. The only advisor appointed by the PP, Fernando Fernandezhas decided at the last minute to back down and reject the mission that the new governor had entrusted to him, Jose Luis EscrivaThe economist had agreed to lead a working group to advance the modification of the Law of Autonomy of the Bank of Spain, with the ultimate goal of improving the independence of the organization.
The proposal was put forward within the Governing Council of the institution a week ago. All members of the body agreed that Fernández should lead this task. The economist himself ended up accepting. For this reason, the Bank of Spain decided to announce it on Tuesday, taking advantage of Escrivá’s inauguration and the changes that have been carried out in the organisational chart.
To the surprise of the top brass, Fernando Fernández announced this afternoon his decision to resign from the position. He announced this at the Council meeting where the organisational changes were approved. The unexpected turn of events has forced them to look for a replacement. He will be in charge of leading the working group Lucia Rodriguezrecently appointed as advisor to fill the vacancy left by Soledad Núñez, who is promoted to deputy governor. Rodríguez held a senior position at AIReF and was once an advisor to the cabinet of the former economic vice president, Nadia Calvino.
The script’s cry cannot be understood without the hand of Genoa, according to knowledgeable sources. Escrivá’s proposal contained a gesture towards the popularfollowing the enormous political storm unleashed by his appointment as governor. The PP set the election of the former minister as a red line and refused even to negotiate the name of the deputy governor.
Fernández’s decision to take up the challenge offered to him by Escrivá has not been well received in some circles of the PP, according to sources close to him. It was interpreted as a kind of ‘concession’, which He distanced himself from the hard line which the party has followed while negotiations to renew the leadership have lasted. These internal differences have finally convinced the economist of the suitability of taking a step back and leaving Escrivá – and the rest of the councillors – at the last moment.
First steps of the governor
The Governing Council has also ratified this Tuesday the first changes promoted by the governor. Escrivá has decided to keep the bulk of the institution’s general directors and has promoted a new General Directorate of ‘Strategy, People and Data’, which will be directed Mayte Ledowho until today held the position of Secretary of State for Digitalisation and Artificial Intelligence, reports Europa Press.
This Directorate will have an Assistant Directorate, who will direct Juan Penalosa and a Data Office, which will report directly to Ledo. The general management was created with the mission of coordinating the planning of activities and the design of transversal projects, in addition to the collection, processing and exploitation of data, centrally promoting innovation in both structure and technology.
The integration of the three information departments of the Bank of Spain – the Financial Information Department, the Statistics Department and the Information Systems Department – into this general directorate will allow for greater and more efficient integration of data, unify the information requirements of the Bank and its reception channels, and better meet the growing demand for granular information and the greater possibilities of extracting and managing information using Big Data techniques.
Source: www.vozpopuli.com
